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has indicated a willingness to re-negotiate in the <br />City's best interest. <br />Mayor Fauson asked if there were any public <br />comments either in favor of or in opposition to <br />this Ordinance. None. <br />Mohr moved and Mayor Fauson seconded to continue <br />the public hearing for Ordinance #984, Series 1989 <br />to the April 4, 1989 City Council Meeting. By <br />Roll Call Vote, the motion passed 5-0. <br />ORDINANCE #985, SERIES 1989 - BOULDER MEMORIAL REVENUE BONDS - 1ST READING <br />SET PUBLIC HEARING Read by title only, Ordinance #985, Series 1989, <br />"An Ordinance providing for the issuance of the <br />City of Louisville, Colorado, Revenue Bonds <br />(Boulder Memorial Hospital Project) Series 1989 in <br />the aggregate principal amount of $18,000,000 for <br />the purpose of financing the costs of constructing <br />a new hospital and related improvements in the <br />City of Louisville; authorizing the sale of said <br />bonds; approving the form and authorizing the <br />execution of a mortgage and loan agreement between <br />Boulder Memorial Hospital and the City, a mortgage <br />and loan agreement among Boulder Memorial <br />Hospital, Porter Memorial Hospital and the City, <br />and a mortgage and loan agreement among Boulder <br />Memorial Hospital, Brighton Community Hospital <br />Association, D/B/A Platte Valley Medical Center <br />and the City; approving the form and authorizing <br />the execution of a bond purchase agreement; an <br />indenture of trust and a tax regulatory agreement; <br />authorizing the execution of miscellaneous <br />documents and instruments related thereto; and <br />repealing Ordinance No. 960, Series 1988." <br />Mayor Fauson stated that the ground breaking for <br />the Hospital took place today with the <br />announcement that the Hospital will be called <br />Vista Hospital. <br />Boulder Memorial Hospital has requested that the <br />City of Louisville issue Revenue Bonds in the <br />aggregate principal amount of $18,000,000 for the <br />purpose of constructing a new hospital at the <br />Centennial Health Park. In July of 1988, the City <br />of Louisville adopted Ordinance #960 providing for <br />the issuance of revenue bonds for this project. <br />However, due to recent changes in their financial <br />structure, a new ordinance has been drafted <br />providing for the issuance of the revenue bonds in <br />the amount of $18,000,000 and repealing Ordinance <br />#960, Series 1988. <br />3 <br />